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Today I want to look at both the Vancouver Westside condo and single family market.


Where are we seeing lots of strength in the market?


The condo and townhouse market is very strong under $800,000.  If you are looking for a home at this price you may be competing with other offers.  Inventory has been rising since March. 600 homes in Mar to almost 900 in July. The strongest locations w/ most activity for condominiums is Fairview and Kitsilano.


Now let's look at the single family market.  The strength in the market here is under $3.5M.  Median prices have stabilized at $3M, but buyers are getting more for their money than in the past few years. The strongest locations are Kerrisdale, Cambie and Kitsilano. I have a special report on Kitsilano single family market, if you want to check out the market update page of my website.


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Get detailed statistics here: https://davidsetton.com/market-update...


Today I want to look at both the Vancouver Westside condo and single family market.


Where are we seeing lots of strength in the market?


The condo and townhouse market is very strong under $800,000. If you are looking for a home at this price you may be competing with other offers. Inventory is still very low and prices have been falling over the last few months. The strongest locations for condominiums is Fairview and Kitsilano.


Now let's look at the single family market. The strength in the market here is under $3M. Little availability under $3M and homes are selling quickly. Median prices jumped up to $3.2M in May. This was mainly because we started to see a few more homes sell between $3M and $4M. The strongest locations are Kitsilano and Arbutus. I have a special report on Kitsilano single family market, if you want to check out the market update page of my website.


If you would like to take a look at the market conditions in more detail feel free to download the Snapstats Report. Send me a message through Instagram and I would be happy to send it to you.

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Statistics for Your Area Here


What’s hot What’s Not – Vancouver West Side Single Family Market Update for March 2020


The West Side single family market continues to favour buyers. Median prices are stable at $3M. Inventory is stable at 500 homes listed and on the market. 61 homes sold in February. This is about 12% of the homes that were available. The number of homes sold is up from February which is positive but it is still a buyers market..


What’s Hot (21% or more of the homes sold)


Which neighbourhood is strong and favouring sellers now? Kitsilano is the strongest and you can find a special report on Kitsilano here: https://davidsetton.com/market-updates.html. 7 homes sold in Kitsilano last month. 17 homes were available and on the market in Kitsilano. This means that 41% of the homes that were available sold in Kitsilano. Remember that the real estate board defines a seller’s market when more that 21% of the homes sell in a given month. Which price point strongest & favouring sellers? Any home priced under $3,000,000 is selling very quickly. This price point is strong with about 32% of homes selling.


What’s not hot (14% or less for homes sold in a given month)


Which neighbourhoods are weak and favouring buyers? University area, South Cambie, Southlands are all weak and favouring buyers. Only 5% of homes sold in these areas. Remember that the Vancouver Real Estate Board defines a market favouring buyers when less than 14% of the home sells in a given month. Which price category is weak right now and favouring buyers? Anything over $4,500,000 is really weak. There are currently 246 properties that are priced over $4,500,000 and only 2% of these homes sold last month.

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Download Statistics package here: https://davidsetton.com/market-updates.html
What’s hot What’s Not – Vancouver Westside – Single Family for Sept 2017
- Westside single fam market transitioned to a buyer’s market
- Median Prices are at still at their highest at $3.6M.
- Inventory is up and number of sales are down. Should put downward pressure on prices in the next few mo.
- only 52 homes sold in Aug
- Inventory is at 706 sf homes available
- 52 sold homes / 706 homes available 7% s.r.
What’s Hot (21% or more for a SR)
- which strongest - Arbutus
- 6 / 35 homes sold 17% sr
- price point strongest & fav sellers
- $2M - 2.25M 4 / 5 80% sr
What’s not hot (14% or less for a SR)
- SW Marine Dr 1 / 41 - 2% sr
- South Granville 2 / 83 sold - 2% sr
- which price category
- anything over $4.5M - buyers market - 370 homes priced over $4.5M - only 14 sold. 4% sr. anything under 14% is a buyers market

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Get Statistics package here: https://davidsetton.com/market-updates.html

What’s hot What’s Not – Vancouver Westside – Single Family for Aug 2017

- Westside single fam market transitioned from a balanced market in June to a buyers market in July

- Median Prices are up almost $1M from Jan this yr.

- Inventory is up and number of sales are down. Should put downward pressure on prices in the next few mo.

- only 72 homes sold in July - down 36% from June

- Inventory is at 705 sf homes available

- 72 sold homes / 705 homes available 10% sales ratio (s.r.)

What’s Hot (21% or more for a SR)

- which strongest - Oakridge

- 7 / 12 homes sold 58% sr - some of these were land value as part of rezoning / land assembly

- price point strongest & fav sellers

- $2.25M - 2.5M        5 / 17        29% sr

What’s not hot (14% or less for a SR)

- SW Marine Dr 2 / 43 - 5% sr

- Shaughnessy 4 / 86 sold - 5% sr

- which price category

- anything over $4.5M - buyers market -  365 homes priced over $4.5M  - only 18 sold. 11% sr. anything under 14% is a buyers market


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Get 15 Sales here: https://davidsetton.com/market-updates.html

What’s hot in the Kitsilano Single Family for March 2017

- The Van Westside Single Fam market picked up in Feb transitioning from buyers to bal. mrk.

- Kitsilano did exceptionally well and is now fav sellers.

- 15 Homes sold in Kits last mo.

- least expensive home sold for $2.1M. which would have renovated older home on 10th ave

- most expensive sold for $17M for a 42’ wide piece of land on PT Grey Rd.

- only 36 homes were available and on the market in Kits in Feb so to have 15 sales puts us in strong seller’s market at a 42% sr

- Sold values in Kits are higher at $3.3M than the median price for a home in the Westside - now at $3.1M. First time that I have seen this.

If you like to take a look at these sales, I have a new package you can download at the link below map locating them and photos and details for each property. specialize ph num


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Download Report Here:https://davidsetton.com/market-updates.html

What’s hot What’s Not – Vancouver Westside – Single Family for March 2017

- Westside single fam market has moved from a buyer’s market in Jan to a balanced in Feb

- Median Prices jumped up 10% in 1 mo. to $3.1M

- 93 homes sold in Feb

- doesn't sound like a lot, but only 544 homes were available

What’s Hot (21% or more for a SR)

- In Jan, not one neighbourhood was fav sellers.  In Feb, 4 neighbourhoods fav. sellers

- Num of sold homes are up 151% in 1 mo.!

- which areas are strongest - Kits and PT Grey

- Kits 15 / 36 sold 42% sales Ratio 21% or more

- special report on kits - link above

- price point strongest & fav sellers

- $2.25M - 2.5M          10 / 10          100% sr

What’s not hot (14% or less for a SR)

- South Granville 5 / 67 - 7% sr

- Shaughnessy 2 / 68 sold - 3% sr

- which price category

- anything over $4.5M - buyers market -  212 homes priced over $5M  - only 8 sold. 4% sr. anything under 14% is a buyers market


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Download your statistics package here:

https://davidsetton.com/market-updates.html

 

What’s hot What’s Not – Vancouver Westside – Single Family for Mar 2016

- Just when we thought….

- Continues to favour sellers. Median prices dropped slightly by $61k between Jan and Feb. Now median is $3.43M.

- Supply came up slightly from last month, but still very low at 547 homes on market. 224 Sold

What’s Hot (21% or more for a SR)

- almost every area in the westside is fav sell

- MacHeights and Dunbar most active

- 16 / 17 sold in MacHt - 94% s.r.

- Dunbar - 40 / 59 sold - 68% s.r.

- almost price category favouring sellers

- $2M - $2.25M - 14 / 13 sold  108% s.r. Sys can’t keep up

- $2.75m - $3M - 33 / 34 - 97% s.r.

What’s not hot (14% or less for a SR)

- 1 area is weaker - S. Cambie - 1 / 13 sold

- homes over $5m 191 homes in this price and only 29 sold (15% sales ratio - edge of a buyers

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What’s hot in the Kitsilano Single Family for March 2016

Download homes sold here:https://davidsetton.com/market-updates.html

The Van Westside Single Fam market is very strong and very much fav sellers and Kits is no exception.

- 13 Homes sold in Kits for between $2.1M bought 32’ x 88’ RM-4 zoned rev prop on Maple St up to $4.23M for a renovated home on 1st ave steps to jericho beach

- 12 / 13 homes sold for over asking price

- 33 homes were available and on the market in Kits in Feb so to have 13 sales puts us in a strong seller’s market at a 42% SR (21% or greater)  

- Sold values in Kits are lower at $2.5M than the median price for a home in the Westside - now at a staggering $3.4M


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Get your own statistics specific to your area:https://davidsetton.com/market-updates.html

What’s hot What’s Not – Vancouver Westside – Single Family for February 2016
- Continues to favour sellers. Median prices rose by $300k or 10% between Dec and Jan. Now median is $3.5M.
- Supply very low at 456 homes on market. 133 Sold
What’s Hot (21% or more for a SR)
- almost every area in the westside is favoring sellers
- Kits and Arbutus most active and great sales
- 11 / 14 sold in Kits - 79% s.r. (special report)
- Arbutus - 13 / 15 sold - 87% s.r. (mistake in video)
- almost price category favouring sellers
- $1.75M - $2M - 4 / 10 sold in this cat 40% s.r.
-$2.25m - $2.75M - 22 / 55 - 40% s.r.
What’s not hot (14% or less for a SR)
- 1 area is weaker - University - 2 / 15 sold
- homes over $5m 144 homes in this price and only 21 sold (15% sales ratio - edge of a buyers market)

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Download your all the homes that sold in kitsilano here: https://davidsetton.com/market-updates.html

What’s hot in the Kitsilano Single Family for July 2015
The Van Westside Single Fam market is very strong and very much fav sellers and Kits is no exception.
- 18 Homes sold in Kits for between $1.345M (low end - small 30’ x 88’ land) $5.8M for waterfront home just off Maple in Kits Point
- most homes selling for close to asking price or over
- 39 homes were available and on the market in Kits in June so to have 18 sales puts us in a strong sellers market at a 46% SR (21% or greater)
- Sold values in Kits are lower at $2.13M than the median price for a home in the Westside - now at a staggering $2.967M
If you like to take a look at these sales, I have a new package you can download at the link below map locating them and photos and details for each property. specialize ph num

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Download the 17 sold home last month here: 

https://davidsetton.com/market-updates.html

 


What’s hot in the Kitsilano Single Family for June 2015

The Van Westside Single Fam market is very strong and very much fav sellers and Kits is no exception.

- 17 Homes sold in Kits for between $1.5M (low end - small 32’ x 100’ land) $7M for waterfront home just of Alma St on Cameron Ave.

- 2 of these homes sold for $350k over the asking price.

- 40 homes were available and on the market in Kits in April so to have 17 sales puts us in a strong sellers market at a 42% SR (21% or greater)  

- Sold values in Kits are lower at $2.1M than the median price for a home in the Westside - now at a staggering $2.9M

If you like to take a look at these sales, I have a new package you can download at the link below map locating them and photos and details for each property. specialize ph num


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Download these 8 home sales by 

https://davidsetton.com/market-updates.html

 

Download package with 8 homes that sold last month here: http://davidsetton.com/what-is-selling-in-kitsilano.html
What’s hot in the Kitsilano Single Family for feb 2015
While the rest of Van Westside is in a bal market cond. Kits cont. to fav. sellers.
- 8 Homes sold in Kits for between $1.3M (low end - small 33’ x 122’ land) $3.5M for a newer home on a 50’ x 125’ lot.
- only 23 homes were available and on the market in Kits in Jan so to have 8 sales puts us in a strong sellers market at a 35% SR (21% or greater)
- Sold values in Kits seem to be consistent with the median price for a home in the Westside - now at a staggering $2.45M actually down from Dec 2014 when we hit a record average of $2.680M

My take, if you like to take a look at these sales, I have a new package you can download at the link below map locating them and photos and details for each property. specialize ph num

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